NTUC Income RevoSave – Save with guaranteed yearly cash benefits.
Enjoy protection coverage and flexibility with guaranteed yearly cash benefits after the end of two years.
Choose to receive 5% of the sum assured as guaranteed yearly cash benefits after two years, or accumulate it at an interest rate of up to 3.25% p.a.
The future is yours to make with RevoSave, a flexible savings plan. You can enjoy guaranteed yearly cash benefits after 2 years, bonuses and insurance protection all at the same time while you save.
Premium Term: 15 – 25 years, subject to the policy maturing no later than age 69 (last birthday) of the insured.
Policy Term: Same as Premium term
| NTUC Income RevoSave (Product details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| 100% Principle guaranteed at maturity | X | |
| Partial withdrawal/ cash benefits | ||
| General savings feature(s) | Yes | No |
| Short premium/ savings terms (less than 5 years) | X | |
| Long-term/ lifetime wealth accumulation | ||
| Health and Insurance Coverage(s) | Yes | No |
| Bundled with death/ TI/ TPD and/or CI coverage | ||
| Guaranteed issurance irregardless of health | X | |
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Guaranteed yearly cash benefit after two years | ||
| Options to accumulate cash benefit | ||
| Sum assured and bonuses payable if death or TPD occurs | ||
Additional product feature(s) on NTUC Income RevoSave
Detailed features and unique selling points of NTUC Income RevoSave:
Guaranteed yearly cash benefit after two years
- 5% of the sum assured as guaranteed yearly cash benefit after two years.
Options to accumulate cash benefit
- Spend the cash benefit or accumulate it with NTUC Income at an interest rate of up to 3.25% p.a.
Sum assured and bonuses payable if death or TPD occurs
- Receive 100% of the sum assured and bonuses in the event of death or total and permanent disability (TPD before age 70).
Additional riders for NTUC Income RevoSave
The following riders can be added on to your NTUC Income RevoSave at an additional cost:
- Payor Premium Waiver – You will not need to make future premium payments for the basic policy that you have bought for a loved one, if you pass away, or are totally or permanently disabled (TPD before age 70) during the term of the rider.
- Enhanced Payor Premium Waiver – You will not need to make future premium payments for the basic policy that you have bought for a loved one, if you pass away, are totally or permanently disabled (TPD before age 70), or are diagnosed with dread disease (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
- Dread Disease Premium Waiver – You will not need to make future premium payments for the basic policy if you are diagnosed with dread disease (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
- Early Cancer Waiver – You will not need to make future premium payments for the basic policy if you are diagnosed with early-stage cancer[5] during the term of the rider.
Who should take up an NTUC Income RevoSave?
NTUC Income RevoSave is an insurance savings plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
NTUC Income RevoSave is suitable for
- Cash liquidity and withdrawal for your savings plan
- Mid to long term wealth enhancement
- Mid to long term savings commitment period
- Hassle-free application without medical underwriting (if riders are not taken up)
NTUC Income RevoSave is not suitable for
- Income for a lifetime (Retirement Plan)
- High death, disability or critical illness coverage (Whole Life, Term Life)
- One-time single premium commitment
- High surrender value in the early years of the policy
Sample policy illustration for NTUC Income RevoSave
Coming soon.
Learn more about NTUC Income RevoSave
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